
The business that became Alfa Romeo was founded as Società Anonima Italiana Darracq (SAID) in 1906 by the French automobile firm associated with Alexandre Darracq, with Italian investors. In late 1909, the Italian Darracq cars were selling slowly and the Italian partners of the company hired Giuseppe Merosi to design brand new cars. On 24 06 1910, a new organization was founded named The. L. F. A., in the beginning still in partnership along with Darracq. The first non-Darracq car made by the organization was the 1910 twenty-four HP, designed by Merosi. A. L. F. A. ventured into motor race, with drivers Franchini plus Ronzoni competing in the particular 1911 Targa Florio with two 24-hp models. Within August 1915, the organization came under the direction of Neapolitan entrepreneur Nicola Romeo, who converted the particular factory to produce military hardware for the Italian and Allied war attempts. In 1920, the title of the company has been converted to Alfa Romeo with the Torpedo 20–30 HP the first car to be so badged.
In 1921, the particular Banca Italiana di Sconto, which backed the E. Nicola Romeo and Company, went broke and the particular government needed to support the business companies involved, among which was Alfa Romeo, through the "Consorzio for each Sovvenzioni sui Valori Industriali". In 1925, the train activities were separated through the Romeo company, and in 1928, Nicola Romeo remaining. In 1933, the state ownership was reorganized under the banner of the Istituto per la Ricostruzione Industriale (IRI) by Benito Mussolini's government, which then got effective control. The company fought to return to profitability after the Second Planet War, and turned to mass-producing small vehicles as opposed to hand-building luxury models. In 1954, it developed the particular Alfa Romeo Twin Camera engine, which may remain in production until 1994. During the 1960s and 1972s, Alfa Romeo produced several sporty cars, but struggled to make a income, so Istituto per la Reconstruzione (IRI), the state conglomerate that controls Finmeccanica sold the marque in order to the Fiat Group within 1986.
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